Good Returns

SBS takes margin hit to keep mortgage rates down

Thu, 02 Sep 2010 20:48:00 +1200

SBS Bank took a hit in the June quarter after deciding not to pass on rising wholesale interest rates to its customers.

Insider Paul Brock to replace Knowles at Kiwibank

Thu, 02 Sep 2010 12:07:00 +1200

Kiwibank's next phase of development will be led by an existing member of the state-owned bank's senior management team, Paul Brock, to replace founder chief executive Sam Knowles.

ANZ mortgage market share dips

Sun, 29 Aug 2010 21:17:00 +1200

ANZ Bank's share of the mortgage market continued to slide in the June quarter although its profitability improved markedly as a result of lower charges for bad loans.

ASB enters home equity release market

Wed, 25 Aug 2010 22:31:00 +1200

ASB has entered into the home equity release market which was active but is currently extremely dormant.

TSB lifts mortgage market share but profit drops

Tue, 24 Aug 2010 05:46:00 +1200

TSB Bank grew its share of the mortgage market slightly in the June quarter but net profit fell sharply due to factors such as interest expense growing faster than interest income and tax changes.

BNZ stepped up mortgage lending in June quarter

Sun, 22 Aug 2010 22:03:00 +1200

Bank of New Zealand's mortgage book in the June quarter grew at its fastest pace since the June quarter of 2009 despite the overall mortgage market being particularly slow.

Westpac grabs 44% of all new home loans

Fri, 20 Aug 2010 11:32:00 +1200

Westpac continued to grow its mortgage book aggressively in the June quarter and its profitability jumped sharply on much lower charges for bad loans.

Kiwibank still growing mortgage book but momentum wanes

Thu, 19 Aug 2010 09:42:00 +1200

Kiwibank continues to grow its mortgage book at a much faster pace than its market share but its momentum continues to wane.

Kiwibank profit falls 13%

Wed, 18 Aug 2010 12:14:00 +1200

State-owned lender Kiwibank posted a 13% decline in full-year profit as competition for retail deposits weighed on margins and eroded profitability.

Long wait over for broker

Mon, 16 Aug 2010 20:01:00 +1200

The NZ Mortgage Brokers Association named the winners of its annual Broker of the Year Awards, plus the winner of a new award - lender of the year.